Investments of some US$254bn expected in construction over next 5 years (Brazil)

2009-06-18

Improving global credit conditions and preparations for the 2014 World Cup, among others, are expected to spark some 500bn reais (US$254bn) of investments in construction in Brazil over the next five years, paper O Estado de S Paulo reported.

Cargo airline Rio Linhas Aéreas to start operations in July (Brazil)

2009-06-18

Brazil's latest cargo airline Rio Linhas Aéreas will start operations in the first week of July with an initial investment of US$8mn, according to online publication Portos e Navios.

Credit ratings agency Fitch expects that the credit quality of Latin American tollroads will be challenged this year by the sustained global financial crisis, capital market instability and volatile commodities throughout the year, the agency said in a special report issued Wednesday.

Slim: Resources for infrastructure projects available in spite of global crisis (Mexico)

2009-06-18

Mexico has enough resources to invest in infrastructure projects in spite of the global crisis, local mogul Carlos Slim was quoted by paper Reforma as saying.

CAF approves US$85mn for social, infrastructure works (Mexico)

2009-06-18

The Andean Development Corporation (CAF) has approved an US$85mn loan to Paraguay for a social and infrastructure investment program, CAF reported in a release.

BBVA financing US$2bn in infrastructure projects (Peru)

2009-06-16

Spanish bank BBVA is currently financing infrastructure projects for some US$2bn in Peru, according to the bank's director of structured financing in Latin America Jesús González, paper Gestión reported.

The Argentine government will invest 70mn pesos (US$18.6mn) to reestablish passenger railway services between the provinces of San Juan, Mendoza and Buenos Aires, the San Juan provincial government reported.